Financial Statements

Statement of Net Position

STATEMENT OF NET POSITION as of June 30, 2015 (amounts expressed in thousands)
University of Florida Component Units



2015



2014

Direct-Support Organizations
Health Science Center Affiliates
Shands Hospital and Others
ASSETS
Current Assets:
Cash and Cash Equivalents (Note 1) $ 2,286 $ 152 $ 17,439 $ 84,182 $ 127,050
Investments (Note 4) 1,247,153 1,161,021 65,638 12,121 394,331
Accounts Receivable, Net (Note 5) 80,001 96,630 112,890 50,306 276,025
Loans and Note Receivable, Net (Note 5) 2,983 2,787 - - -
Due From State (Note 6) 65,305 45,977 - - 3,378
Due From Component Units/University (Note 7) 20,580 25,138 178,949 45,583 105,849
Inventories (Note 8) 4,580 4,690 52 - 28,037
Other Current Assets 2,765 2,130 10,303 2,825 42,139
Total Current Assets 1,425,653 1,338,525 385,271 195,017 976,809
Noncurrent Assets:
Restricted Cash and Cash Equivalents (Note 1) 14 14 23,767 - 21,108
Restricted Investments (Note 4) 95,891 152,510 1,684,613 11,781 663,292
Other Noncurrent Investments (Note 4) 139,276 - - - -
Loans and Notes Receivable, Net (Note 5) 37,993 36,975 - - -
Depreciable Capital Assets, Net (Note 9) 1,554,905 1,568,905 173,026 62,481 799,771
Nondepreciable Capital Assets (Note 9) 241,259 145,860 101,256 3,803 144,669
Other Noncurrent Assets 70 63 53 3,403 127,586
Total Noncurrent Assets 2,069,408 1,904,327 1,982,715 81,468 1,756,426
TOTAL ASSETS 3,495,061 3,242,852 2,367,986 276,485 2,733,235
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows of Pension Resources (Note 11) 108,808 - - - 44,136
Accumulated Decrease in Fair Value of Interest Rate Swap Agreements - - - - 48,157
Losses on Debt Refunding - - - - 496
TOTAL DEFERRED OUTFLOWS OF RESOURCES 108,808 - - - 92,789
TOTAL ASSETS AND DEFERRED OUTFLOWS OF RESOURCES $ 3,603,869 $ 3,242,852 $ 2,367,986 $ 276,485 $ 2,826,024
LIABILITIES
Current Liabilities:
Accounts Payable $ 69,001 $ 64,133 $ 25,594 $ 14,940 $ 212,691
Salary and Wages Payable 25,588 24,304 2,458 8,824 73,130
Due to Component Units/University (Note 7) 199,777 46,547 75,416 9,070 101,148
Unearned Revenue (Note 12) 43,316 29,536 54,553 - -
Deposits Held in Custody 11,910 19,055 - 74 -
Other Current Liabilities - 201 4,648 - -
Long-Term Liabilities- Current Portion: (Note 13)
Captial Improvement Debt Payable 8,909 8,605 - - -
Bonds Payable - - 4,180 2,041 27,210
Loans and Notes Payable 528 281 15,130 - -
Installment Purchase Agreements Payable 1,138 1,263 - - -
Capital Leases Payable 146 137 - 154 3,378
Compensated Absenses Payable 11,861 11,658 392 - -
Net Pension Liability 4,709 - - - -
Liabilty for Self-Insured Claims - 9,196 30,108 - 8,393
Total Current Liabilities 376,883 214,916 212,479 35,103 425,950
Noncurrent Liabilities: (Note 13)
Capital Improvement Debt Payable 158,314 172,974 - - -
Bonds Payable - - 76,450 30,995 1,003,343
Loans and Notes Payable 10,664 11,192 5,363 8,000 -
Installment Purchase Agreements Payable 1,921 2,097 - - -
Capital Leases Payable 2,664 2,810 - 185 7,883
Compensated Absences Payable 117,419 114,293 3,121 - -
Other Postemployment Benefits Payable 217,539 180,690 - - 2,798
Net Pension Liability 219,918 - - - -
Liability for Self-Insured Claims - 36,606 - - 31,574
Other Noncurrent Liabilities 18,214 18,482 31,229 - 70,171
Total Noncurrent Liabilities 746,653 539,144 116,163 39,180 1,115,769
TOTAL LIABILITIES 1,123,536 754,060 328,642 74,283 1,541,719
DEFERRED INFLOWS OF RESOURCES
Deferred Inflows of Pension Resources (Note 11) 160,302 - - - 86,139
Gains on Debt Refunding - - - - 10,758
TOTAL DEFERRED INFLOWS OF RESOURCES 160,302 - - - 96,897
TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES $ 1,283,838 $ 754,060 $ 328,642 $ 74,283 $ 1,638,616
NET POSITION
Net Investment in Capital Assets $ 1,615,971 $ 1,565,313 $ 137,738 $ 24,909 $ 113,322
Restricted:
Nonexpendable:
Endowment - - 1,228,625 - 97
Expendable:
Endowment - - 383,947 - 11,739
Loans 37,424 36,317 - - -
Capital Projects 113,024 79,294 - - -
Debt Service 4,855 4,433 - - -
Other 436,577 654,866 167,062 - 147,754
Unrestricted 112,180 148,569 121,972 177,293 914,496
TOTAL NET POSITION 2,320,031 2,488,792 2,039,344 202,202 1,187,408
TOTAL LIABILITIES AND DEFERRED INFLOWS OF
RESOURCES AND NET POSITION
$ 3,603,869 $ 3,242,852 $ 2,367,986 $ 276,485 $ 2,826,024
The accompanying notes are an intergral part of these financial statements.